Blackbird International Corporation Announces Agreement for Manufacturing Plant and Production of Electricity in Sri Lanka
By PRN NewsWire
By PRN NewsWire
TEL-AVIV, Israel, August 26, 2015 /PRNewswire/ —
Blackbird International Corporation (OTC: BBRD) announces that it has officially entered into an Agreement with Help Mankind for a twofold joint venture. The first is the implementation of a manufacturing plant for the production of the equipment used by WERPO in its patented technology to generate electricity through the movement of the ocean/sea. Secondly, WERPO shall construct the first of a series of electrical power plants in Sri Lanka.
Shmuel Ovadia, the inventor of WERPO’s technology states, “We are most pleased with the results of our introduction to Sri Lanka. Not only will a power station be built but we shall benefit from advantages of establishing a manufacturing plant here such as a cost efficient labor force and local government support.”
The Agreement shall be posted on WERPO’s website (http://www.werpo.us )
WERPO has entered into this Agreement as a partner with the Sri Lankan company, Help Mankind. A Joint Venture corporation shall now be formed with WERPO holding 51% of the shares. WERPO shall be responsible for technical matters and the construction of the project while its partner shall obtain the required financing.
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About Blackbird International Corporation:
Blackbird International Corporation (http://www.werpo.us) is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO).
About WERPO sea wave energy technology (BBRD):
WERPO, having received the rights to all of SDE Ltd.’s technology, property, know-how, IP (patents, etc) contracts and subsidiaries, is able to promote its sea wave energy solution throughout the world.
WERPO’s unique technology is based on the utilization of sea waves’ rise and fall to yield hydraulic pressure that produces electricity, while exploiting the full potential of wave speed, height, depth and currents beneath the surface of the water. This technology was chosen as the most efficient and affordable sea-wave power technology on the market by an independent team of renewable energy experts from Pure Energy Systems (PESWiki) and also as one of the top 100 renewable energies.
The Israeli company with its proven technology has several projects around the world with government entities as well as with the private sector. It has established more than 11 joint ventures with local partners in over 9 different countries.
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Investor Relations Contact: High Point Communication, Inc. +1-858-381-4677 http://highpointcommunication.com/about-us
Blackbird International Corporation